Cinedigm Announces a New Distribution Partnership with Crimson Forest Films
January 11 2018 - 9:00AM
Cinedigm (NASDAQ:CIDM), a leading independent content distributor,
announced today that it has partnered with the production and
distribution label, Crimson Forest Films, on a new multi-year
pact. Under the deal, Cinedigm will release Crimson Forest’s
pictures across all home entertainment channels, including
DVD/Blu-Ray/4K, digital platforms, cable and satellite VOD and
broadcast television. The new partnership covers North
America and, for select titles, international territories as well.
Formed in 2010 and with offices in both Los Angeles and
Shanghai, Crimson Forest is led by CEO, Jonathan Lim, a long-time
industry veteran, producer and director (PALI ROAD, THE JADE
PENDANT). Crimson Forest specializes in curated Asian cinema,
both titles originating out of Asia and those featuring Asian
actors, characters and themes, and encompassing commercial genres
such as action, martial arts, sci-fi and horror.
The partnership with Crimson Forest further underscores
Cinedigm’s expanding global profile and distribution capabilities
and comes on the heels of Cinedigm’s confirmation in November that
the Hong Kong-based Bison Entertainment Investment, Limited, the
wholly owned subsidiary of Bison Capitol Holding Limited (“Bison
Capital”), had completed a strategic investment in the
company. Cinedigm’s new pact with Crimson Forest also
increases its extensive library of Asian content for distribution
across not only traditional channels, but through Cinedigm’s
growing over-the-top (OTT) digital networks, including
CONTV.
The first release under the deal will be the Hong Kong-Chinese
action thriller, SHOCKWAVE, which boasts a US$23 million production
budget and stars Hong Kong legend Andy Lau, as a bomb disposal
specialist battling a criminal mastermind. The picture earned
over US$58M in international box office in 2017. Cinedigm
released SHOCKWAVE on January 2, 2018 on DVD/Blu-Ray and
Digital. Cinedigm will release the Hong Kong actioner,
EXTRAORDINARY MISSION, hailing from writer/director, Alan Mak
(INFERNAL AFFAIRS), on February 6, 2018. Crimson Forest
previously released EXTRAORDINARY MISSION theatrically last spring
in limited markets in the US.
In addition, Cinedigm will release THE TAG-ALONG COLLECTION,
which includes Taiwan’s highest grossing horror film to date, and
its higher budgeted sequel, on Digital on February 6, 2018 and on
DVD in April 2018. Cinedigm will release the sci-fi,
time-traveling epic, KUNG FU TRAVELER, starring international
martial arts champion Tiger Chen, in April 2018.
“Jonathan has built a deep network of contacts across
Asia. His experience and relationships with the major studios
and producers within the territory give him the ability to source
high quality releases,” said Yolanda Macias, Executive
Vice-President of Acquisitions for Cinedigm. “Crimson Forest
is quickly becoming the premium, go-to label for truly exciting
genre pictures with strong production values and talent immediately
recognizable to fanboys and fangirls everywhere. We could not
be more thrilled to partner with Crimson Forest to bring these
diverse pictures to discerning audiences.”
“Cinedigm has a top shelf marketing team, direct sales
relationships, and a strong infrastructure that will help us
continue to grow both our film slate and the Crimson Forest brand,
both in North America and on an international basis,” said Lim.
“We look forward to a long and successful collaboration with
them.”
The deal was negotiated by Cinedigm’s Melody Fowler,
Vice-President of Acquisitions, and Jonathan Lim on behalf of
Crimson Forest Films.
About Crimson Forest Films
Crimson Forest Films is a theatrical and home entertainment
distribution label that specializes in bringing top content in
Asian Cinema to North America and China. Crimson Forest Film’s
corporate headquarters is in Los Angeles, California with offices
in Shanghai, China.
For more information about Crimson Forest Films please visit
www.crimsonforestfilms.com
About Cinedigm
Cinedigm powers custom content solutions to the world’s largest
retail, media and technology companies. We provide premium feature
films and series to digital platforms including iTunes, Netflix,
and Amazon, cable and satellite providers including Comcast, Dish
Network and DirecTV, and major retailers including Walmart and
Target. Leveraging Cinedigm’s unique capabilities, content and
technology, the Company has emerged as a leader in the fast-growing
over-the-top channel business, with four channels under management
that reach hundreds of millions of devices while also providing
premium content and service expertise to the entire OTT ecosystem.
Learn more about Cinedigm at www.cinedigm.com
Cinedigm™ and Cinedigm Digital Cinema Corp™ are trademarks of
Cinedigm Corp. www.cinedigm.com. [CIDM-G]
Contacts
Cinedigm Jill Newhouse Calcaterra 310-466-5135
jcalcaterra@cinedigm.com
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